Today (17 December) the Pension Protection Fund has confirmed the final levy rules for 2016 to 2017 will remain largely unchanged for the second year running.
There have been some amendments to the handling of mortgage certifications and the recertification of asset backed contributions.
Additionally, the PPF stated it will reflect further on new Financial Reporting Standard FRS 102 and it said it will encourage schemes to continue to put in place risk reduction measures.
Financial Reporting Standard FRS 102 is a single reporting standard which is based on the International Financial Reporting Standards for small and medium enterprises.
David Taylor, executive director and general counsel at the PPF, said: “This year was our first for calculating levy invoices using the new Experian model.
“We are pleased that overall, consultation responses and feedback suggest the model is working well, and what schemes and employers desire now is stability.
“Our publication of the final levy rules for 2016 to 2017 therefore shows limited change as we endeavour to keep rules as stable as we can for the next two years.
“Having listened to feedback, however, we have made it easier to certify some mortgage exclusions and asset backed structures.”
ruth.gillbe@ft.com